Intech Investment Management LLC Has $3.81 Million Stock Position in Snowflake Inc. $SNOW

Intech Investment Management LLC lifted its stake in Snowflake Inc. (NYSE:SNOW) by 28.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,375 shares of the company’s stock after acquiring an additional 3,817 shares during the quarter. Intech Investment Management LLC’s holdings in Snowflake were worth $3,811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Foundations Investment Advisors LLC acquired a new stake in shares of Snowflake in the fourth quarter valued at about $474,000. Murphy & Mullick Capital Management Corp increased its position in Snowflake by 12.7% during the fourth quarter. Murphy & Mullick Capital Management Corp now owns 632 shares of the company’s stock worth $139,000 after buying an additional 71 shares during the last quarter. Huntington National Bank increased its position in Snowflake by 7.7% during the fourth quarter. Huntington National Bank now owns 315,371 shares of the company’s stock worth $69,180,000 after buying an additional 22,656 shares during the last quarter. Kingsview Wealth Management LLC increased its position in Snowflake by 2.9% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,595 shares of the company’s stock worth $789,000 after buying an additional 103 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Snowflake by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after buying an additional 249,668 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the topic of a number of recent analyst reports. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research report on Wednesday, February 18th. Morgan Stanley boosted their price target on Snowflake from $245.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday. Sanford C. Bernstein boosted their price target on Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday. Bank of America boosted their price target on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Barclays boosted their price target on Snowflake from $192.00 to $272.00 and gave the stock an “equal weight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $284.38.

Insider Transactions at Snowflake

In other news, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $175.19, for a total transaction of $8,818,714.22. Following the completion of the transaction, the director directly owned 30,236 shares in the company, valued at approximately $5,297,044.84. This represents a 62.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Garrett sold 100,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the transaction, the director owned 8,801 shares of the company’s stock, valued at $2,200,250. This trade represents a 91.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,416,489 shares of company stock worth $310,023,119. Corporate insiders own 4.80% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s latest quarter was described as its best in years, with accelerating growth and improved profitability signaling that the business is re-accelerating after concerns about slowing demand. Snowflake’s Best Quarter In Years: One Product Made It Happen
• Positive Sentiment: Analysts and media commentary highlighted Snowflake’s position in AI, with Jim Cramer saying the company understands the transition to AI and expects the post-earnings rally to continue. Jim Cramer Notes “Snowflake Understands the Transition to AI” Jim Cramer Expects Snowflake’s Post-Quarter Rally to “Roll On”
• Positive Sentiment: Snowflake announced new ecosystem activity, including Redpoint’s Identity Studio on the Snowflake Marketplace and Trust3 AI’s integration to govern MCP-based data access, reinforcing Snowflake’s role in enterprise AI infrastructure. Redpoint Launches Identity Studio on Snowflake Marketplace Trust3 AI Announces Integration with Snowflake to Govern MCP-Based Data Access and Accelerate Trusted Enterprise AI
• Positive Sentiment: Investor sentiment toward software stocks improved broadly as AI fears faded, which is helping lift Snowflake alongside peers. 5 Software Stocks That Could Keep Soaring as AI Disruption Fears Fade
• Neutral Sentiment: Snowflake also drew attention after reports of a large AWS infrastructure agreement and acquisition activity tied to AI governance, which may strengthen its long-term moat but is still being evaluated by investors. Snowflake signs $6bn infrastructure agreement with AWS Snowflake Buys Natoma To Govern The Agents Acting On Its Data
• Negative Sentiment: Some coverage cautioned that after the sharp rally, upside may be more limited from here, and a stock sale by former CEO Frank Slootman could be viewed as a mild overhang. Should You Buy Snowflake Stock After Its Recent Surge? The Answer Might Surprise You. Frank Slootman Sells 400,000 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Stock Up 10.0%

NYSE SNOW opened at $281.14 on Tuesday. The business has a fifty day moving average price of $158.80 and a two-hundred day moving average price of $190.47. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $284.99. The stock has a market capitalization of $97.19 billion, a PE ratio of -79.87 and a beta of 1.35.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis. Equities analysts expect that Snowflake Inc. will post -2.2 earnings per share for the current fiscal year.

Snowflake Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.